Currency update from Thursday's session
Money markets were liquid during the day, prompting the Central Bank to conduct a 7-day repo and issuance of Bank of Uganda bills. Overnight trades averaged at 9.13% according to Absa data, while one week at 10.00%.
Currency update from Thursday's session
By Ali Twaha
Journalists @New Vision
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The Uganda shilling was marginally stronger against the dollar, with support seen coming from commodity exporters and portfolio investors, traders said.
The pair closed the day stable at 3580 /3590 levels compared to the day’s opening of 3585 /3595.
Money markets were liquid during the day, prompting the Central Bank to conduct a 7-day repo and issuance of Bank of Uganda bills. Overnight trades averaged at 9.13% according to Absa data, while one week at 10.00%.
Activity in the secondary market was slow as players concentrated on settling Wednesday’s treasury bond auction.